Sr Rate Analyst - NSPM

Xcel Energy, Inc.; Minneapolis (MN); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical/Pharmacy Plan

401(k) plan

Pension

Paid time off

Job summary

Xcel Energy, Inc. is a major energy provider, offering a hybrid work model with onsite presence.

The role focuses on consolidating and presenting information to develop and improve jurisdictional cost of service studies, revenue requirement determinations, and related filings. You will analyze rate filings, support regulatory processes, and collaborate across departments to ensure accurate, compliant analyses.

Qualifications

• College degree in Business, Accounting, Economics or related field, or equivalent work experience.
• Knowledge of company accounting, budgeting and financial forecasting procedures.
• Detailed knowledge of cost of service, revenue requirements, and fuel clause adjustment procedures.
• Four years of analyst experience.
• Proficiency with database and analytical/reporting tools.
• Overnight travel and extensive overtime may be required.

Responsibilities

• Provide information to business units and regulatory management to develop revenue analysis strategies that meet cost recovery objectives.
• Analyze other companies’ rate filings to stay current on regulatory matters.
• Consolidate and audit components to prepare jurisdictional cost of service studies and revenue determinations.
• Develop rate-related information and support for regulatory filings.
• Coordinate with interveners and Commission staff during filings and hearings.
• Maintain effective communication between Revenue Analysis and other departments.
• Provide technical assistance on information management and reporting.

Skills

Analyst experience

Accounting knowledge

Budgeting and forecasting

Data analysis tools

Written and verbal communication

Education

Bachelor’s degree or equivalent

Tools

Database tools

Analytical/reporting tools

Job description

Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy. Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition. We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best. Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.

Position Summary

To provide leadership and utilize expertise in the consolidation, documentation and presentation of the information necessary to develop and improve the process for specific components of jurisdictional cost of service studies, revenue requirement determinations, fuel clause adjustment administration and related projects ensuring consistency and accuracy of results.

Essential Responsibilities

• Provide information to Xcel's business units and regulatory management that will assist in the development and implementation of revenue analysis strategies that will meet cost recovery objectives to ensure electric, gas and thermal energy rates are competitive, profitable, and within regulatory guidelines.
• Analyze other companies' rate filings and results to increase expertise and keep abreast of regulatory matters.
• Consolidate, document, develop and audit specific components necessary to prepare jurisdictional cost of service studies, revenue requirement determinations, fuel clause filings and other related information and schedules.
• Develop and provide rate-related information and technical support necessary to support a wide variety of miscellaneous regulatory filings.
• Facilitate interveners and Commission staff data request responses and auditing functions on technical issues during general rate filings and other filed petitions, and assist in support required during the hearing process.
• Maintain effective communication between Revenue Analysis unit and other Xcel departments.
• Provide technical support to other departments concerning revenue analysis information and issues.
• Requires strong verbal and written communication skills.
• Must be able to present complex information to a highly diverse group of receivers.
• Work directly with Information Services to assist in the development, enhancement and maintenance of the area's various information systems to meet the regulatory information needs of the Company and improve the information process.
• Provide technical assistance to department employees to increase their knowledge and efficiency particularly in the area of information management, processing and reporting, utilizing the latest information processing tools and technology.
• Other duties as assigned.

Minimum Requirements

College degree in Business, Accounting, Economics or related field, or equivalent work experience. Demonstrated knowledge of Company accounting, budgeting and financial forecasting procedures and systems. Demonstrated detailed knowledge of the Company's cost of service, revenue requirement procedures, and fuel clause adjustment procedures. Four years of analyst experience. Proficient at database and personal computer analytical and reporting tools. Periodic overnight travel required; requires extensive overtime.

Preferred Requirements

• Utility pricing experience
• Regulated Utility experience
• Consulting experience
• Excellent written skills

Our Culture

Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together.

Our Values

Connected, Committed, Trustworthy, Safe

Our Employee Commitments

Work that makes a difference A team you can count of Opportunities to grow Rewards that help you thrive

Xcel Energy provides job applicants reasonable accommodations for disabilities throughout the application process.

Non-Bargaining

The anticipated starting base pay for this position is: $90,000.00 to $120,000.00 per year

Benefits

• Annual Incentive Program
• Medical/Pharmacy Plan
• Dental
• Vision
• Life Insurance
• Dependent Care Flexible Spending Account
• Health Care Flexible Spending Account
• Health Savings Account (HSA) (if enrolled in eligible health plan)
• Limited-Purpose FSA (if enrolled in eligible health plan and HSA)
• Transportation Reimbursement Account
• Short-term disability (STD)
• Long-term disability (LTD)
• Employee Assistance Program (EAP)
• Fitness Center Reimbursement (if enrolled in eligible health plan)
• Tuition reimbursement
• Transit programs
• Employee recognition program
• Pension
• 401(k) plan
• Paid time off (PTO)
• Holidays
• Volunteer Paid Time Off (VPTO)
• Parental Leave

Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.

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You. Us. Together.

At Xcel Energy, we’re more than an energy company. We’re reinventing how we power communities. Redefining how we care for customers. Reaffirming our commitment to the planet. We’re committed to leading with equity and inclusion. You’re not waiting for change – you’re creating it. You’re driven to protect the environment, support your community, and seek innovation. You want a career that grows with you and an employer who values you. You are reliable, trustworthy and bring integrity to everything you do. We are leading the way in clean energy. We’re using technology and innovation in every facet of our company. We’re providing safe, stable jobs with robust benefits. We keep our customers at the center of all we do. We’re committed to hiring a workforce that reflects the communities we serve. Together, we can provide carbon-free electricity by 2050. Together, we can take care of the environment and our communities. Together, we can create a place where everyone belongs. Together we’re building a better tomorrow.